Nokia Is Letting Shoppers Monetize Their Knowledge with Blockchain

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Blockchain knowledge platform Streamr is partnering with Finnish telecom big Nokia and California software program firm OSIsoft to permit cell prospects to monetize their person knowledge and make purchases.

Chief government Henri Pihkala introduced the partnerships at CoinDesk’s Consensus 2018 convention Wednesday, whereas additionally conducting a stay launch of its real-time knowledge market, by way of which customers can present and subscribe to real-time knowledge streams.

He mentioned in an announcement that “at present marks a massively important day in Streamr’s historical past, not solely showcasing our platform to the world on-stage at Consensus however saying two stellar partnerships.”

The partnership with Nokia will see Nokia’s Kuha base stations combine with Streamr’s knowledge market, permitting Nokia prospects to each monetize their person knowledge and buy streams from Web of Issues units.

“We acknowledge a rising motion of empowered cell prospects who need to management and monetize their very own knowledge,” Nokia’s radio system evolution lead Martti Ylikoski, mentioned in an announcement, including, “our partnership with Streamr displays our agency perception within the platform.”

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Individuals purchase and promote real-time knowledge streams by way of ethereum sensible contracts. Patrons and sellers use an ERC-20 token known as DATAcoin.

The partnership with OSIsoft will see the agency’s enterprise prospects acquire the power to earn cash for his or her operations knowledge.

Ealier in Could, Streamr introduced one other partnership, with Hewlett Packard Enterprise, to make use of the Streamr Engine – a knowledge aggregator and analytics device – to gather knowledge feeds from an Audi Q2.

Knowledge picture through Shutterstock

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